Business Code:
Family reasons.
Sale Reason
2017
Established
Street parking
Parking
1 owner + 2 full timers + 1 part timer & casuals
Employees
5 days, Tues to Sat (dinner 5 nights, lunch Fri & Sat) Plenty of scope to increase turnover with hours and/or functions;
Trading Hours
Current 6 year lease expires in 2028 with a further 5 year option, $14,045 security deposit and 3.5% annual increases. Annual rent of $158K (9% of total turnover)
Lease
Small bar & restaurant in sought after City Fringe corner location. Great supplier contacts for Australian focussed wine list and seasonal menu. A well established kitchen & bar team offering simple but delicious bar food but not as you know it. Using seasonal produce from local suppliers, the food menu is designed to be shared and changes regularly. The wine menu, favours Aussie producers with natural and biodynamic wines on offer and a rotating beer selection features some favourite local craft brewery’s both on tap and in the fridge as well as a selection of carefully designed cocktails.
Features
Well established customer base with excellent google reviews. Winner of the 2018 Sydney TimeOut Bar Awards Category: Best Bar Food. Responsive Instagram/Social Media presence with over 10k followers.
Potential
Currently trading 5 nights and 2 lunches. - Plenty of scope to increase weekly turnover via events or to increase trading days. -Could promote functions and/or special occasions.
Comments
Very rare opportunity to acquire a much loved, well located and very busy small bar in one of Sydney’s best destination wine & food suburbs. Excellent lifestyle business, currently trading 5 days and returning an excellent owners wage + profit. Fully fitted out kitchen with exhaust, plenty of storage, well set up and easy to run bar. Well established kitchen & bar team with a focus on Australian Wine and produce. Excellent supplier contacts. Responsive Instagram/social media presence of over 10K followers, excellent Google reviews. Winner of Time Out Bar Award on opening.
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